PFIZER INC — Director's Dealing 2004

Jul 26, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2004-07-23

Reporting Person: MITCHELL JOHN W (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-23	Common Stock	M	17508	$5.71	Acquired	746148	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-23	Employee Stock Option (right to buy)	$5.71	M	17508	Disposed	2004-08-24	Common Stock (17508)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	104539	Indirect

Footnotes

F1: The option became exercisable in 3 equal annual installments beginning on August 25,1995.